Posted on: 20/03/2017
Great Britain’s carbon dioxide emissions would have jumped by the equivalent of 16 million tonnes of carbon in 2016 to 92 million tonnes if the Carbon Floor Price (CFP) had been scrapped, according to a report.
Such high levels of emissions have not been recorded since the 19th century.
That’s the conclusion of research commissioned by power station operator Drax and compiled by Imperial College London.
Doubling the CFP to £36/tonne would have cut carbon dioxide output by 10%, the research concluded.
‘Going back in time’
Iain Staffell, at Imperial College London and the lead researcher for the report, said: “If the government had abolished all carbon pricing, we would probably have seen a 20% increase in the power sector’s carbon emissions.
“Removing the CFP would have the equivalent environmental impact of every single person in the UK deciding to drive a car once a year from Land’s End to John o’Groats.”
The report came a month after Imperial College’s latest report in the “Electric Insights” series commissioned by Drax, which found carbon dioxide emissions from the electricity sector are at a 60-year low.